Net deferred tax liability definition

Net deferred tax liability means deferred tax liabilities that exceed the deferred tax assets of a combined group as defined in KRS 141.202, as computed in accordance with accounting principles generally accepted in the United States of America.
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Net deferred tax liability means the amount by which
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Net deferred tax liability means the deferred Income Tax liability less deferred Income Tax assets less amounts due from Parent or Affiliates of the Parent for Income Taxes plus amounts due to Parent or Affiliates of the Parent for Income Taxes plus any Income Tax payable less any Income Tax receivable, in each case, as reflected in the Preliminary Balance Sheet or the Closing Date Balance Sheet, as the case may be. For the avoidance of doubt the Net Deferred Tax Liability is prior to giving effect to any of the Transactions contemplated by this Agreement except as set forth in the Agreed Upon Procedures.
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Examples of Net deferred tax liability in a sentence

  • The company operates its business from India.Therefore, there is only one business and geographical segment.k. Deferred Taxation:The break-up of the Net deferred tax liability (Rs.)ParticularsAs at 31.03.2015As at 31.03.2014Deferred Tax Liability on account of:-Depreciation on fixed assets -4,77,448 12,22,798Deferred Revenue Expenses57,78,76371,15,435Total Net Deferred Tax Assets / (Liability)(53,01,315/-)(83,38,233/-)l.

  • Carried forward business losses 3,49,92,343 3,60,65,019 Gross deferred tax assets 3,71,78,716 3,84,03,467 Net deferred tax liability / (asset)*- -*Deferred tax assets not recognised.

  • The company operates its business from India.Therefore, there is only one business and geographical segment.k. Deferred Taxation:The break-up of the Net deferred tax liability (Rs.) AS AT AS AT31stMARCH, 201731stMARCH, 2016Deferred Tax Liability on account of :- Depreciation on fixed assets6,65535,374Deferred Revenue ExpensesTotal32,15,11344,10,100Net Deferred Tax Assets / (Liability)(32,21,768/-)(44,45,474/-) l.

  • The Net deferred tax liability arising on account of timing differences at 31-03-2022 is Rs.3,723/- 2.

  • Furthermore we will see that they have nice transformation properties under quiver mutations.

  • The split of deferred tax assets and deferred tax liabilities is as follows: 31.12.2020 31.12.2019 kCHF kCHFDeferred tax liability (long -term)Property, plant and equipment 394 394 394 394Deferred tax assetsUnused tax losses carried forward 394 - 394 - Net deferred tax liability - 394 Deferred income tax assets were recognised to the extent that the realisation of the related tax benefit through future taxable profits was probable.

  • DEFERRED TAX LIABILITYThe break up of deferred tax liability arising due to the tax effect of timing differences between taxable income and accounting income, is as underAs at 31.03.09Rs. ‘000’ 48,32313248,455 19710,20051310,91037,545As at 31.03.08Rs. ‘000’ Deferred Tax LiabilityDepreciation Lease rentals Deferred tax assetsTechnical know how feesProvision for doubtful debts / advances Provision for diminution in value of investments Net deferred tax liability 11.

  • The provision for income taxes consists of the following (in thousands): Year ended The following table reconciles the provision for income taxes using the statutory federal income tax rate to the actual provision for income taxes (in thousands): Rental merchandise in service21,32511,511Other 145 205 85,406 66,418 Net deferred tax liability $ 41,962 $ 27,768 The Company has evaluated its deferred tax assets and believes that they will be fully recovered.

  • Deferred tax liability: Depreciation (587) (425) Deferred tax asset: Net operating loss carryforward of international subsidiaries 86 125 Valuation allowance (86) (125) ---- ---- Net deferred tax liability (587) (425) ==== ==== SFAS No 109 specifies that deferred tax assets are to be reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax assets will not be realized.

  • Income Taxes, continuedThe tax effects of temporary differences that give rise to deferred tax assets and liabilities as of December 31 are as follows: 20042003 Deferred tax asset (liability): Inventory costing and valuation methods$ 2,4651,781Allowance for doubtful accounts receivable2,0801,559Insurance claims payable1,975841Fixed assets(15,156)(13,862)Other, net448(27) Net deferred tax liability$ (8,188)(9,708) No valuation allowance for deferred tax assets was necessary as of December 31, 2004 and 2003.


More Definitions of Net deferred tax liability

Net deferred tax liability means deferred tax liabilities that exceed the deferred tax assets of the
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Net deferred tax liability means deferred tax liabilities that exceed the deferred tax assets of a combined group as defined in Section 5 of this Act, as computed in accordance with accounting principles generally accepted in the United States of America; and
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Related to Net deferred tax liability

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Cumulative Net Realized Tax Benefit for a Taxable Year means the cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporate Taxpayer, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period. The Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Realized Tax Detriment means, for a Taxable Year, the excess, if any, of the Actual Tax Liability over the Hypothetical Tax Liability. If all or a portion of the actual liability for such Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Detriment unless and until there has been a Determination.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • State premium tax liability means any liability

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Recovered tax increment value means, except as otherwise

  • Tax Liabilities means all liabilities for Taxes.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • After-Tax Account means a Participant’s account to which are credited After-Tax Contributions, if any, and earnings and losses thereon.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Realized Tax Benefit means, for a Taxable Year, the excess, if any, of the Hypothetical Tax Liability over the Actual Tax Liability. If all or a portion of the Actual Tax Liability for the Taxable Year arises as a result of an audit by a Taxing Authority of any Taxable Year, such liability shall not be included in determining the Realized Tax Benefit unless and until there has been a Determination.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and: